Member Info for MaryBr190

Evening BT

T'was news to me broomtree - did like the bit though that said

"This contract consolidates the position of Harland and Wolff as an FPSO contractor for both major conversions and newbuildings"

Publicity is always great.

Sunday Jan 14 2024

https://www.marinelink.com/article/maritime-contracts/harland-bluewater-conversion-contract-111

That level of proceeds would transform the company and potentially clear the debt in one fell swoop. So tempting to add on pullbacks.

Don't shoot the messenger.

By: Nitish Verma

Published: January 14, 2024 at 11:23 pm EST | Updated: Jan 14, 2024 at 2:04 am EST

Patience means more than the ability to wait.

It means knowing what to do while you wait. A well-managed investment is a marathon, not a sprint.

Driven by conviction and perseverance.

With the stamina to perform over the long term.

With level heads that mark us out from the rest, our value investing approach refuses to deviate when faced with the ups and downs that are inevitable on the path to profit.

The reward lies in knowing and demonstrating that the results of an investment are gathered in time.

https://www.azvalor.com/en/

Https://simplywall.st/stocks/gb/energy/lse-pfc/petrofac-shares/future

KPA

yes indeed it is.

Guess the way to do it is invest 1/15th and see how it goes and be prepared to average in. Just do not expect every bottom to be the bottom. but average down into a better position (preferably in an ISA)

Even good turns bad eg SPT GNC NCG LRE FSJ DLAR KTC SN. TUI EZJ IAG AGK BLND LGEN AV. JD. DOCS BVC HARL RANK but bad turns good too at some point eg 888 and many of the aforementioned.

No one picks the top or bottom, hope that is all a bit clearer now.

DYOR and only risk funds you can afford to do without.

M

Confluence - risk reward investor - similar position to you and will add as and when. 70p trim.

KPA

Have answered that already in my thread and if you care to read my pfc posts all will be clear.

Add trim work average down.. not rocket science. Will recover most positions if the first investment went awry - except in a bust.

As simple as that. Patience and not overreacting is key.

Simple example (ignore stamp etc for simplicity)

Snooker rack averaging in (1...2...3...4....5 = 15 )

B 1000 shares @ 100p avge £1

B 2000 shares at 70p avge 80p

Sell 1000 shares at 130p + avge 55p

B 1000 shares at 100p (a reentry) avge 70p

too early so add

B 3000 shares at 50p avge 60p

B 4000 shares at 25p avge 46p

B 5000 shares at 15p avge 35.66 (rack completed 1 2 3 4 5 15k shares)

S 5000 shares at 30p avge 38.50

B 10000 shares at 25p avge 31.75

Still out of the money but better position than £1 initial entry and holding built up.

Many more trades in between, different quantities and a lower average is easy to see.

HTH

So Goldman Sachs (think) that they know something that differs from the opinion of

Tony

Snapper

KPA

and the rest of the filtered (by many) squad

Boom or Bust. DYOR.

Not (not no)

This bit stuck out re PFC & AMEC

These ratings reflect the bank’s confidence in the two companies’ ability to withstand the predicted turbulence in the sector.

yes that is right read it again

"ability to withstand the predicted turbulence in the sector."

DYOR

Https://bnnbreaking.com/finance-nav/business/goldman-sachs-cautious-outlook-triggers-decline-in-oil-and-gas-sector-share-prices/

Petrofac and Amec Foster Wheeler in the Clear

Despite the overall bleak forecast, Goldman Sachs has maintained a ‘buy’ rating for Petrofac and Amec Foster Wheeler. However, the Wood Group was downgraded from ‘buy’ to ‘neutral’. These ratings reflect the bank’s confidence in the two companies’ ability to withstand the predicted turbulence in the sector.

No expecting it to be there but there will be many buyers if it does.... including Goldman Sachs it seems......

Steve

Just for you. Enjoy. (Lannisters aka shorters )

https://www.youtube.com/watch?v=qXlDOH-cMpQ

HTH

translation

https://archive.ph/QFFue

Thread reminded me of this nostalgia.

https://m.youtube.com/watch?v=PayDhBLso3E

Fantastic news

£1m winner, thank goodness they are insured for that payout.